Legislation

§ 2624. Exemption from taxation. 1. It is hereby determined that the
creation of the authority and the conduct of its corporate purposes is
in all respects for the benefit of the people of this state and the
United States, and is a public purpose, and the authority shall be
regarded as performing a governmental function in the exercise of the
powers conferred upon it by this title.

2. The authority, its operations, property and moneys shall be free
from taxation of every kind and nature by a public corporation, the
state and any subdivision thereof.